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Monday, 28 January 2019

Gold and Gold ETF: 28 January 2019, Monday, 10.11am Singapore Time

Gold and Gold ETF:
28 January 2019, Monday, 10.11am Singapore Time

Attached is the technicals for Gold and Gold ETF. As fore-warned, Gold's ascent beyond $2000 an ounce for investors is inevitable. Gold has broken out of its bullish flag last Friday, with a break-away gap-up, accompanied with impulsive volumes. The series of volume flow on Gold ETF in NYSE is bullish. This is in line with the Gold ETFs' volume flow in the Hong Kong HKSE and Singapore SGX. This had been highlighted previously as well (refer to past track records). The momentum of Gold is highly bullish as illustrated. The next immediate mid-term target can be projected by the measurement X as highlighted on chart. Long term bullish, mid term bullish and short term bullish. The Gold's ascent is to be in line with worldwide stock markets' ascent up.


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